Kelly Services (NASDAQ:KELYB) Shares Gap Down – Should You Sell?

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.96, but opened at $15.21. Kelly Services shares last traded at $15.4850, with a volume of 361 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Kelly Services in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Kelly Services presently has an average rating of “Sell”.

Kelly Services Stock Up 4.4%

The stock has a 50-day simple moving average of $14.90 and a 200-day simple moving average of $12.69. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $568.06 million, a PE ratio of -2.18 and a beta of 0.71.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, May 18th. Kelly Services’s dividend payout ratio (DPR) is presently -3.95%.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.